by Big Wave Trader | Aug 17, 2009
The wave effect was in high gear as a global sell-off in stocks began in Japan and finished in the United States. A disappointing GDP report, showing Japan is out of a recession sent traders to sell off stocks. At 4pm EDT the selling finally ceased leaving the...
by Big Wave Trader | Aug 17, 2009
I was extremely busy this weekend with errands that have to be done and due to this constant activity of “stuff” I am unable to deliver a very long commentary. However, I will say the smack down we are getting in the futures is the reason why I have been...
by Big Wave Trader | Aug 13, 2009
When all was said and done stocks ended higher on the day while volume slid off heading into the close. The NYSE had to deal with a computer glitch that was not properly handling trades causing volume to be “off” giving an inaccurate picture of how active...
by Big Wave Trader | Aug 12, 2009
The morning buying frenzy jolted stocks higher as shorts covered their positions heading into the FOMC rate decision. By 10amEDT the frenzy had slowed by quietly volume began to pick up on the day as institutions were slowly picking up shares. Institutional players...
by Big Wave Trader | Aug 11, 2009
Back to back days sellers took full advantage of sleeping bulls and knocked down the market. Financials were the leading group on the downside with banks receiving the biggest blow. Outside of financials the selling appeared to be quite tame and orderly. With that...
